THE following companies saw new developments that may affect trading of their securities on Wednesday (Apr 27):
Keppel Corporation, Sembcorp Marine: Both entities have entered into a definitive agreement to merge their offshore and marine units in a deal which will help Keppel realise S$9.4 billion in value. Trading in both counters were halted on Wednesday morning. Keppel Corp shares closed 0.5 per cent or S$0.03 lower at S$6.66 on Tuesday.
ESR-Reit: The manager of ESR-REIT has reported distribution per unit (DPU) of 0.723 cents for the 1QFY2022 ended March, 9.6% lower than the DPU of 0.8 cents in the corresponding period the year before.
The lower DPU was attributable to the enlarged unit base. In the 1QFY2022, the REIT had a total of 4.05 billion units compared to the 3.59 billion units in the 1QFY2021 due to the equity fund raising comprising a private placement of 268.8 million new ESR-REIT units and a preferential offering of 124.1 million new units in ESR-REIT, which were completed in May and August 2021 respectively.
Frasers Centrepoint Trust: EVOLVING shopping trends amid the pandemic has lifted sales by tenants at Frasers Centrepoint Trust's (FCT) portfolio of suburban retail malls to above pre-Covid levels in its first quarter ended December.
Portfolio tenants' sales rose 2 percentage points to draw level with pre-Covid levels in October 2021, before edging 1 per cent higher in November.
Sheng Siong: SUPERMARKET operator Sheng Siong on Tuesday (Apr 26) posted a 13.9 per cent rise in net profit to S$35.1 million for its first quarter ended Mar 31, 2022, from S$30.8 million a year ago.
Revenue for the quarter rose 6 per cent to S$358 million, from S$337.5 million a year ago, according to the mainboard-listed group in a business update.